Keyera Corp. is marking the opening of its KAPS pipeline, a 575-kilometre pipeline in Alberta which will provide additional transportation capacity to natural gas producers in Western Canada.
The recently completed KAPS pipeline will transport 350,000 barrels per day of natural gas liquids and condensate from the Montney and Duvernay production basins to Keyera Corp.’s liquids processing and storage hub in Fort Saskatchewan, northeast of Edmonton.
KAPS is operated by Keyera — one of Canada’s largest independent midstream energy infrastructure businesses — and 50 per cent owned by Stonepeak, an alternative investment firm specializing in infrastructure and real assets.
Get weekly money news
Keyera says the pipeline will advance Alberta’s energy industry by allowing producers to grow natural gas production.
Canada is the world’s fifth-largest producer and fourth-largest exporter of natural gas.
U.S. benchmark Henry Hub prices for natural gas are at a seven-month high, with the November futures contract up six cents Wednesday at US$3.01 per mmBTU.
- Oilsands have strong growth potential, but pipeline constraints loom: Enverus
- WestJet cuts flight capacity due to jet fuel costs, following Air Canada’s lead
- Fewer Canadian firms were anticipating a recession before Iran war began
- As Canada’s tax deadline nears, 4 things you might not know you can claim
Comments
Want to discuss? Please read our Commenting Policy first.